European stocks gain as Schneider lifts sentiment; inflation data awaited - The Mighty 790 KFGO

Oct 16 (Reuters) – European shares were on track for their biggest weekly gain since August on Friday, ​as a batch of strong ‌earnings reports and signs of stability in battered global technology stocks bolstered investor sentiment. The pan-European STOXX 600 index rose 0.3% to 641.75 ‌points ​by 0708 GMT, ⁠hovering near its highest ⁠level in more than two weeks. The benchmark was up more than 1% for the week. Schneider Electric rose ​1.4% after the industrial group raised its 2026 core profit and ⁠revenue targets for the ⁠second time. Industrials gained 0.7% and ​were among the top gainers on the ​index.